China

Christmas in China: A season to shop

Source: 
CNBC

Christmas is not formally celebrated in China and 25 December is not a public holiday as it is in much of the world, including Hong Kong, a special administrative region of China.

That means it is not a major shopping season in the same way as the Lunar New Year, one of China's biggest holidays, or Golden Week that starts on 1 October, China's National Day, and is an important holiday for travel, shopping and dining.

China's Single's Day online shopping festival going offline this year

In an effort to bridge the gap between the online and offline shopping worlds, China's Single's Day online shopping festival is expanding this year to traditional stores.

Alizila, the news website of the Alibaba Group, reported that a number of brands on Tmall are extending their promotional actives to some 30,000 physical stores.

By encouraging shoppers to visit stores to touch, feel and try out the products, retailers hope to encourage sales. However, they can still opt to buy the goods online.

Slumping retail sales suggest China is tipping into recession

Source: 
Forbes.com

Here's a paradox: Manufacturers are seeing big sales increases in China while retailers in the country are struggling, losing money, closing stores, going out of business.

China is slowing, but retail business keeps growing

Source: 
CNBC

The number of new shopping malls in China is expected to nearly double to a record high this year as developers bet on consumers picking up the slack in the world's second largest economy, says property services firm Jones Lang LaSalle.

The number of new shopping malls built in China's top 20 cities is forecast to jump to 150 this year, compared to 80 in 2012 – that's an almost 88 percent increase, Jones Lang LaSalle said.

The firm also expects the average mall size to increase from 710,418 square feet in 2005 to now exceed over 947,224 square feet.
 

China’s new consumption trends: Who wins?

Source: 
Red Luxury

According to the 2013 China Consumer Market Development Report released by China’s Commerce Ministry, consumer goods sales will grow 13 percent year-on-year, a figure that’s lower than previous years, but still robust by global standards.  

The Chinese consumer could define Year of Snake

Source: 
CNBC

The run-up to Chinese New Year, which starts on 10 February and will mark the Year of the Snake is a key shopping period. And this year more than ever, the spending patterns of China's 1.3 billion people are expected to be scrutinised as a measure of how the economy is fairing – not only as it recovers from last year's slowdown, but also as it switches from a reliance on exports to consumption.

Retailers adjust to new pace in China

Source: 
The Wall Street Journal Online

The slowdown of the Chinese economy is forcing Western retailers to rethink their once rampant expansion in the country while making big shifts in their strategies.

Mainland retail sales jump 15pc during golden week holiday

Source: 
scmp.com

Retail sales of consumer goods rose 15 percent to CNY800.6 billion (USD127.2 billion) on the mainland during the eight-day "golden week" holiday that ended on Sunday, surpassing industry expectations.

The Ministry of Commerce said the retail sector, restaurants and tourism all saw robust growth during the Mid-Autumn Festival and the National Day holiday between 30 September and 7 October.

Has China's retail story peaked?

Source: 
CNBC

China's slowing retail growth environment has signalled the peak of the consumer story, according to Francis Lon, Managing Director of Lynen Holdings.

Lon says the Chinese economy is too dependent on fixed asset investment, and consumers can't carry the burden when this drops off.

Sluggish consumer demand has led to a slide in China's retail sales this year. July retail sales fell to 13.1 percent year on year, down from 13.7 percent in June. This is well off the 17.1 percent in 2011 and 18.4 percent rise in retail sales in 2010.

China's June CPI growth likely about 2.4pc

Source: 
Shanghai Daily

China’s consumer price inflation was probably about 2.4 percent last month, little changed from May due to only small adjustments in food costs, analysts said ahead of the release of official figures next week.

The Consumer Price Index, the main gauge of inflation, likely rose by between 2.2 and 2.6 percent in June, according to several analysts.

 

Syndicate content